SCHEDULE: FMR LLC Discloses 7.7% Stake in HESAI GROUP

FMR LLC and its affiliates, including Abigail P. Johnson, reported a 7.7% beneficial ownership stake in HESAI GROUP's Class B Common Stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, beneficially own 9,895,240.27 shares of HESAI GROUP's Class B Common Stock.
• This ownership represents 7.7% of the total outstanding Class B Common Stock of HESAI GROUP.
• FMR LLC holds sole voting power over 9,870,653.00 shares and sole dispositive power over 9,895,240.27 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, also holds sole dispositive power over 9,895,240.27 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of HESAI GROUP.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• A significant beneficial ownership stake by a major institutional investor like FMR LLC may signal confidence in HESAI GROUP's long-term prospects.
• The disclosure confirms that the investment is for ordinary course business purposes, not for control-seeking, which can imply a stable, passive investment.

Management Comments

• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

FMR LLC is a prominent parent holding company and control person in the financial services industry, encompassing various investment advisory and trust company subsidiaries. Its disclosure of a significant stake in HESAI GROUP indicates an investment by a major player in the asset management sector.

Stakeholder Impact

• Shareholders of HESAI GROUP may view the significant stake held by FMR LLC as a positive indicator of institutional confidence in the company.

Key Dates

Keywords

HESAI GROUP, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Class B Common Stock, Institutional Investor, SEC Filing